Put yourself in a favorable tactical position of your understanding. If you feel completely helpless and random...then don't gamble and guess. Or you'll find yourself joining Gamblers Annonymous Are you a day trader or swing trader....you need to clearly define what kind of trader you are. And craft your understanding and consider all the elastic variables and elements that make the market line move and gyrate. You will never nail the market completely, you have to aim for being semi right only. Position and time for it. In my opinion, you can't win being a swing trader or overnight holder. There's just too many things beyond your control. You'll just be averaging everything breaking even. You have to be an intraday trader. Before the opening bell, establish a future general map...and use that loose general image as a framework of when to reasonably strike and close the position Always look at the Dow, Nasdaq, S&P and ES charts to obtain a collective view of the general market. Understanding micro and macro movement and detail. How everything fits in. All this is just a vague guidance. I won't tell you exactly. That's what journey and discovery is for
@LionsWarthogsMillions FYI, I don’t think @christhesquid was asking you for your “wisdom”, I’d say he was being sarcastic, and you missed the point. Also, if you’d properly read @christhesquid’s post where he wrote, “Start legging into shorts now.”, he never stated that he’s betting his farm at that very moment, he was simply expressing his bias. It’s up to him and each trader how they start legging into shorts, without the need to share the details. For some traders, it might mean looking for short setups on lower timeframes, knowing quite well that SPX is still creeping higher on the D1 TF, and given the current market conditions, the NASDAQ still has some potential room to the upside, and SPX won’t drop without NASDAQ. For some traders it might be legging into larger position trades on HTFs (Higher TimeFrames) with long Vega option structures. Nevertheless, yesterday on both indices, on the intraday TFs the 'first opposing demand zones' were being broken with momentum, suggesting a subtle shift in the order flow. Even though such PA happens often on intraday TFs, however if this occurs in conjunction with other things that are happening at certain zones/levels, then it is very reasonable to start looking for a change in direction setups. To me, it seems like @christhesquid was in a favorable tactical position, aware of the bigger picture, and NOT feeling “completely helpless and random” as you wrongly described him. It seems like you’re the one who’s constantly projecting your own inadequacies onto others. Most of your posts (in other threads) exhibit a pattern where you believe your own unconscious conclusions, yet are unable to support them with any rational arguments, and then all you can do is engage in gaslighting and ridiculing others. Maybe before “diagnosing” others as “completely helpless”, or as “lost souls”, etc, perhaps you could consider asking them to elaborate on what they meant, maybe they’d share their thought process with you. Either way, most of us can see what you’re doing. You’re not trying to help others as you often brag. In reality, most of your posts are just projections of your own fragile ego. In Eckhart Tolle’s words: “Nothing strengthens the ego more than being right. Being right is identification with a mental position - a perspective, an opinion, a judgment, a story. For you to be right, of course, you need someone else to be wrong, and so the ego loves to make wrong in order to be right. . . . Very unconscious people experience their own ego through its reflection in others. When you realize that what you react to in others is also in you (and sometimes only in you), you begin to become aware of your own ego.” In Marty Schwartz words: “I've said it before, and I'm going to say it again, because it cannot be overemphasized: the most important change in my trading career occurred when I learned to divorce my ego from the trade.” @LionsWarthogsMillions most of us know that traders like you who need to be right all the time are usually miserable and unprofitable. Therefore, how about posting something constructive and relating the thread topics rather than constantly polluting and derailing all threads with immature egoistic agendas to ridicule others? Ditto for the few others that are repeatedly engaging in similar behaviour.
Forgot to add Bitcoin also completed a TD Sell13 Sequential on Monday, Tues then was Doji yesterday and currently today moving lower. It trades with the indices and sometimes can be a heads-up signal.
So what you’re saying is that we need to know all of the unknown unknowns and all the unknown unknowables? Got it!